Some worried sell on news and some wonder how come still not limit up. Let's review base on the fact. Payment structure for this deal with be staggered payment and accrued economic benefit.
Staggered payment: Spa signing + Spa completion Accrued benefit, spa start on 1st Jan and target to be completed end 2021. The money earn on this year for this deal will be benefit by hibiscus which can be used to part funs the deal
EBIDA in 2021 let's assume 500m, tax 100m. Balance shall be around 400m. For Conservative, just make it as 300m. 300m benefit on 2021 from this deal + previous pp 200m + internal sources from anasuria & hibiscus + loan 200-300m shall be easier enough to close the deal
As long as oil stay above usd 60, they can enjoy a handsome profit easily. You can compare the share price before covid when oil is around 60+, study their development plans in UK and msia, bear in mind the high capex needed, and make predict whether oil price can stay above 60, at least this few year. Then you will have the answer whether its a good deal to buy at current price
The Age Of Oil Isn’t Over By Tsvetana Paraskova - Jun 07, 2021, 11:00 AM CDT Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl, a newly appointed director on the board of Russia’s oil giant Rosneft.
“I’ve always underlined that it’s the East that plays the decisive role, not the West. And the energy market is more dynamically developing in the East. And you shouldn’t also discount the African continent,” said Kneissl, who was Austria’s foreign minister between 2017 and 2019.
The acquisition will boost Hibiscus' 2P net entitlement daily production of oil and condensate from 9,000 barrels per day to 18,500 barrels per day in 2022.
Daily gas production from 2 MMscf per day to 49 MMscf per day in 2022.
Meanwhile, 2P oil and condensate reserves will be increased by by 1.5 times from 46 MMbbl to 67 MMbbl as at Jan 1, 2021, while 2P gas reserves would jump from from 9 Bscf to 93 Bscf.
Why not. He is our ex president. PETRONAS manage to stand strong under his hand when shale oil crisis happen in 2016 until 2018 under his leadership. I respect him on that.
there're too many developing nation especially in the whole asia, south america & all africa region that still need to use oil like pre-pandemic..US & west european countries might see a reduction in oil usage but its still a long way to go for other continent to go for maximum green energy
Hibiscus will not be like small players in the past. Its toward giant oil firm with taking opportunity to grab the abondon oil asset in very cheap price..
oil market waiting for Iran decision and if they agree with IAEA and European Team than Iran oil going to flood the market and possible down trend for that. But on the other hand major typhoon and storm season going to start in gulf of Mexico which going to disrupt US supply as many oil facility will be force to shut down temporary.
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Citadel9999
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Posted by Citadel9999 > 2021-06-08 10:18 | Report Abuse
hehe too optimistic about limit up